Net Profit Margin
since 2020
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Carrier Global Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Price to Earnings (P/E) since 2020
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Calculation
Carrier Global Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to common shareowners1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in millions
The financial data reveals notable trends in profitability and sales performance over the three-year period ending December 31, 2022.
- Net Income Attributable to Common Shareowners
- This metric experienced a decline from 1982 million US dollars in 2020 to 1664 million US dollars in 2021. However, it then demonstrated a substantial recovery and growth in 2022, reaching 3534 million US dollars, which is the highest value in the observed period.
- Net Sales
- Net sales showed an upward trend from 17456 million US dollars in 2020 to a peak of 20613 million US dollars in 2021, followed by a slight decrease to 20421 million US dollars in 2022. Despite this marginal decline in the final year, overall sales remained significantly higher than in 2020.
- Net Profit Margin
- The net profit margin declined notably from 11.35% in 2020 to 8.07% in 2021, aligning with the reduction in net income despite sales growth. Subsequently, a sharp increase occurred in 2022, with the margin rising to 17.31%, more than double the margin recorded in 2021 and substantially higher than in 2020.
In summary, the company experienced a dip in profitability during 2021 despite rising sales, indicating possible cost or expense pressures during that year. The robust rebound in net income and profit margin in 2022, alongside relatively stable sales, suggests a significant improvement in operational efficiency or reductions in costs. The marked increase in profitability in 2022 points to a stronger capacity to convert sales into net earnings compared to the previous two years.
Comparison to Competitors
Carrier Global Corp., net profit margin, long-term trends, comparison to competitors
| Carrier Global Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | ||||||||
| Dec 31, 2021 | ||||||||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Capital Goods)
Carrier Global Corp., net profit margin, long-term trends, comparison to sector (capital goods)
| Carrier Global Corp. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Industrials)
Carrier Global Corp., net profit margin, long-term trends, comparison to industry (industrials)
| Carrier Global Corp. | Industrials | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).